Part-Buy, Part-Rent - Frequently Asked Questions

What is new-build shared ownership?
New-build shared ownership is a part buy, part rent scheme. If you purchase a property on a 30% share, you would get a mortgage for that 30% (unless you had a lump sum to put down), and then pay rent for the other 70% of the property.

How can I apply for shared ownership housing?
You will need to supply the Homes 2 Own UK sales team with your details (address, contact number, family composition), and they can send an application pack in the post to you.
You can contact them by telephone: 0844 800 20 20 , e-mail sales@homes2ownuk.com or visit their website www.homes2ownuk.com

What is the criteria for applying for shared ownership?
The main criteria is that you cannot afford to buy a suitable sized home for your needs on the open market. If you already own a property it must be in process of being sold before you can reserve a property.

What is a re-sale?
This is a shared ownership property that was built and sold in the past but is now available to buy on a part-buy, part-rent basis, because the existing owners want to sell.

What is a key worker?
To qualify you must be a public sector key worker, the definition of a key worker changes with new job categories being added all the time. Generally key workers are NHS staff, teachers, fire-fighters and police.


For more questions and answers goto:
http://www.homes2ownuk.com/sub/faq01.htm